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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >> try to stay calm. >> reporter: taking stock of the damage came next. sitting just above the bay, many in town took a hit. >> my building took a big beating. it's the worst i've seen. >> clearly, krisfield took it the hardest. a lot of people have been swamped out of their home. >> reporter: after seeing their damage, the governor asked for federal disaster relief. federal help won't be coming to homeowners and businesses does because not enough damage could be done. it is not based upon the trauma to the individual. >> we need help. we need help. we cannot do it. >> reporter: the reason, many who lost furnaces, first floors, and roo
. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >>...
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Dec 5, 2012
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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Dec 7, 2012
12/12
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 7, 2012
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 7, 2012
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 6, 2012
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 5, 2012
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 3, 2012
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households un
amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about...
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Dec 10, 2012
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sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling 44%. own an fast money at 5:00, we want to know if you think they can rise from the dead. >> thank so much. >>> final trades up next when we come back on "halftime." s. i d'. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes inve
sandy, fiscal cliff. but as a result, the ones that fall and come down a lot, those are the ones you pick at. >> and pope benedict is launching a new application. pope to you on facebook. the application lets you listen to his words, see his pictures and receive messages of congratulations through virtual post cards. >>> all right, all right, sema? >> hewlitt packard jumping nearly 4%. carl may be interested in the company. hp facing serious issues and the stock faulling...
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Dec 9, 2012
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while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas shortages and firings as they arose. congress even approved an army corps of engineers hurricane protection study nearly two decades ago, focusing on hard hit staten island. >> maybe some of these houses would have been saved. >> that report remains unfin nucleared. >> we have wased tax dollars and the city, sta the. >> reporter: changes that strengthen existing emergency response plans, leaders say that ultimately saved lives, but with no, now asking
while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's...
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Dec 7, 2012
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we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
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Dec 7, 2012
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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Dec 10, 2012
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some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you d
some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have...
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hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate
hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting...
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Dec 7, 2012
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what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> t
what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands...
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Dec 6, 2012
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jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels
jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now....
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Dec 8, 2012
12/12
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. >>> president obama asking congress for billions in relief after super storm sandy but is it enough to cover all the damage? we'll tell you how much he's asking for. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. and the active ingredient relieves your cough. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get hap
. >>> president obama asking congress for billions in relief after super storm sandy but is it enough to cover all the damage? we'll tell you how much he's asking for. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows....
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we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is where we're going to have to look to see a solution to this problem. that and to the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more water to be released out of the missouri river and missouri river basin and we'll need more rain otherwise it will be huge economic impact to the american consumer. melissa: let's talk about that. besides the fact this is pretty astounding and a lot of us don't know it is going on it will ultimately impact us because if there are $7 billion worth of goods going through this area that has a domino effect to the rest of the country in terms of prices. what could we expect to see in the rest of the country? >> i think what you can see as direct example is y
we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is where we're going to have to look to see a solution to this problem. that and to the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need...
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Dec 7, 2012
12/12
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WMAR
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superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president o
superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the...
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Dec 7, 2012
12/12
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FOXNEWS
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anarchists calling for violence against american institutions and later sandy's forgotten cameras. we send our cameras to a devastated neighborhood where press residence are still waiting for help by the president and state and local officials and they still haven't i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your doctor right away if you have severe abdominal pain, or become constipated for three or more days. vesicare may cause blurred vision, so use caution while drivi
anarchists calling for violence against american institutions and later sandy's forgotten cameras. we send our cameras to a devastated neighborhood where press residence are still waiting for help by the president and state and local officials and they still haven't i've worked hard to build my family. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare....
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Dec 4, 2012
12/12
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MSNBCW
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fema's chief is appearing before a house panel on sandy. >>> providing counseling for that couple, jovanbelcher and as they mourn for their loved ones. >> as a family, no words can express the sorrow that we feel for can kasandra and jovan. we are overwhelmed with both sadness and contusion. >>> the flu season is off to an early start. the strain this year can make people sicker than other types and are your honoring the urging the public to get flu shots. >>> record high temps were broken from the great lakes to texas yesterday. temperatures in chicago even reached 70 degrees. >>> and the barefoot man who received new boots from a new york city cop is not actually homeless. police say that the 54-year-old man has an apartment paid through disability and veterans benefits. >>> we are following this developing news coming to us from iran. officials claiming that the iranian navy forces shot down a u.s. drone over the persian gulf earlier this morning. a spokesman for the u.s. says there are no missing drones. what are you hearing about how all this all happened and the public declaration that th
fema's chief is appearing before a house panel on sandy. >>> providing counseling for that couple, jovanbelcher and as they mourn for their loved ones. >> as a family, no words can express the sorrow that we feel for can kasandra and jovan. we are overwhelmed with both sadness and contusion. >>> the flu season is off to an early start. the strain this year can make people sicker than other types and are your honoring the urging the public to get flu shots. >>>...
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Dec 6, 2012
12/12
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MSNBCW
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unemployment applications spiked last month after hurricane sandy to almost a half million in the week of november 10th. >> accompanied by prince william, kate middleton left a london hospital for treatment of acute morning sickness. she will continue her treatment at buckingham palace. >> and there was this prank call to the hospital. >> that doesn't even sound -- i mean, that's ridiculous. the nurse ended up giving up personal information and the d.j.s say they never thought their fake accents would fool anyone. >> jovan belcher's daughter will get about $1 million from the nfl. the linebacker killed her mother and then killed himself. she will keep getting paid if she goes to college. right now her grandmother is caring for her. >> kobe bryant made history last night. he is the youngest player ever to score 30,000 points. he's only 34 years old. now he's in a very exclusive club. just four our guys have hit 40,000, kareem abdul-jabbar, michael jordan and wilt chamberlain. >> and why is this dog out for a sunday drive? we'll show you in "down to the wire" coming up in 15 minutes. >>
unemployment applications spiked last month after hurricane sandy to almost a half million in the week of november 10th. >> accompanied by prince william, kate middleton left a london hospital for treatment of acute morning sickness. she will continue her treatment at buckingham palace. >> and there was this prank call to the hospital. >> that doesn't even sound -- i mean, that's ridiculous. the nurse ended up giving up personal information and the d.j.s say they never thought...
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Dec 6, 2012
12/12
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CNBC
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we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers -- and that's led to consumers spending slightly more than what experts thought they would spend. >> so you're overweight large cap versus small cap. why? >> the large cap u.s. multinationals, they typically have overseas subsidiaries that can reach into the emerging pockets of growth. i like the dividends payers, as well, because in these choppy markets which we'll continue to have get nice dividends. >> all right much ha. . have a good day. that's it for today's program. "squawk box" it is next. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life exp
we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers...
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Dec 4, 2012
12/12
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CNBC
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>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential m
>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better...
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Dec 3, 2012
12/12
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MSNBCW
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they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airl
they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley,...
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Dec 2, 2012
12/12
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CNNW
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this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb let me use her office. >> i even cleaned it up for you. >> thank you, deb. see you soon. always a pleasure. hi, everyone. we are going to get you up to speed on the day's headlines here on cnn. fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red
this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb...
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Dec 7, 2012
12/12
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CNNW
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eye 198
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 7, 2012
12/12
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WJLA
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e devastation by hurricane sandy had long been expected to disappointing number hires. but investors may shrug off the impact is temporary. college students in the federal loan repayment program are getting help. that is more affordable and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas, shoppers extra time lift the macy's holiday sales. have a good night. here you go. you, too. i'm going to dream about thatteak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on anyew volkswagen. visit vwdealer.com today. manning, fir
e devastation by hurricane sandy had long been expected to disappointing number hires. but investors may shrug off the impact is temporary. college students in the federal loan repayment program are getting help. that is more affordable and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas,...
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Dec 7, 2012
12/12
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WJLA
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sandy was probably the last significant measurable rain we have had. we can use it. we will have chances on and off throughout the weekend. consider yourself lucky. it is friday. we do have showers north and west of the metro. everybody is sucked in with the cloudiness. nothing is sitting in the district right now. there are some drizzles at dulles. we had a touch just to the south and moving over towards the eastern shore at this time. it is a beautiful stark, isn't it? take a look at this gorgeous picture overlooking a georgetown. temperatures are not terrible. it is 40 degrees at this time. it is 36 in gaithersburg. temperature in manassas, 39 degrees. we had a drizzle at dulles. temperatures are better this morning than they were yesterday. at least we have that going for us. a cold front is starting off out to the west. we have a little area of low pressure. we are kind of stuck in between with no huge break. neither of those are dominating our weather. our forecast for today, cloudy skies, a couple of showers. 48-52 degrees. an isolated showers returning after
sandy was probably the last significant measurable rain we have had. we can use it. we will have chances on and off throughout the weekend. consider yourself lucky. it is friday. we do have showers north and west of the metro. everybody is sucked in with the cloudiness. nothing is sitting in the district right now. there are some drizzles at dulles. we had a touch just to the south and moving over towards the eastern shore at this time. it is a beautiful stark, isn't it? take a look at this...
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Dec 2, 2012
12/12
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CNNW
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eye 356
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and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very powerful. we were able to clear roads and help ambulances get to people's homes and get people in need to the hospitals. we were able to power up critical buildings and do a lot more obviously. and it is just amazing to see such a powerful storm hit such a highly populated area. we don't usually see something like that happen. >> no, i've seen -- i saw the same thing when i was right in the middle of katrina. i understand exactly what you're talking about. it is something to see and behold but also the human spirit during those things is something to
and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very...
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Dec 7, 2012
12/12
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MSNBC
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. ladybug body milk? no thanks. [ fema
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...
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Dec 7, 2012
12/12
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WTTG
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president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion workers. the bill has caused quite an uproar with union workers who say union rights are now at risk. ballet between labor and business could hit the auto industry especially hard. the governor says the bill promotes work equality. >>> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has bee
president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work...
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Dec 3, 2012
12/12
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KRON
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eye 125
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off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that can wants medicare runs out. the budget office announced an added benefit. cheaper drugs means more people taking their medication and reducing long-term medical costs. >> schools for thousands of public school students is about to get longer. five states will announce today their adding at least 300 hours of learning time to some schools starting next year. we're talking about paul rafeal, connecticut, massachusetts, new york and tennessee all taking part in this initiative. the goal is to improve student achievement and make u.s. schools more competitive on the g
off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that...
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he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto the money for entire year and earn interest on it. god forbid you leave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kinds of things we'll see companies doing to adapt to this new normal. >> if ibm gets away with it i'm sure they will. they are a benchmark. if they successfully push it through, the company that didn't fail, didn't have a crisis during the crash we'll
he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching...
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Dec 6, 2012
12/12
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CNNW
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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Dec 7, 2012
12/12
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KPIX
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steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> the plan did make apple products before the company moved production overseas. >>> zynga is a leader in virtual poker but it wants to get into real money gambling. they filed an application with the nevada gaming parole board, a process that could take up 18 moments. shares rose 17% after that announcement. >>> encouraging news on diet and breast cancer. micro nutrients found in fruits and vegetables have cancer fighting properties. women who eat fresh produce may reduce their risk. there is evidence that the micro nutrients keep tumor
steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the...
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Dec 3, 2012
12/12
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. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the first floor. >> reporter: they had flood insurance through fema. that's common for people who live in flood zones. they thought the inspector from fema would give them a check to repair $100,000 in damages. >> first floor where you're standing right now is definitely not covered by the flood policy. >> why? >> this neighborhood is considered to be in the flood zone. >> reporter: under fema's flood insurance program the first floor of a house should be used for parking or storage only. furnaces and water heaters are covered but finished walls, floors and furniture are not. that caught them and other homeowners we met by sur
. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the...
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Dec 7, 2012
12/12
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KCSMMHZ
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the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a jury ordered samsung to pay more than $1 billion to damages in apple. now samsung is seeking to overturn that verdict. in thur's session the judge urged the two sides to reach a settlement on a global level. she indicated that her court is ready to do everything in its power for that purpose. but apple and samsung remained wide apart in their claims. the california court plans to hand down a separate ruling for each of the many cases the two firms have been fighting, making judgments on the amounts of damages and which types of samsung devices violate apple's patent rights. in the latest case, apple is ask
the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a...